The Digital Source For China's Tech Innovation Since 2000

Search
Close

Businesses Take Advantage Of China Mobile's Preferential Earthquake Policy

June 2, 2008
Telecom & Wireless

After China Mobile (CHL) announced a preferential policy for Shenzhouxing users in the earthquake area round Sichuan, a number of mobile phone card wholesalers from Beijing's Wanjia Madian Post Card Market reportedly have flown to Sichuan to recharge the mobile phone cards they've purchased in large quantities to make a profit.

China Mobile announced that Shenzhouxing card users who enter Chengdu, Mianyang, Deyang, Guangyuan and Aba between May 17 and May 31 would receive CNY100 on their calling cards if their prepaid value is less than CNY50. Hearing the news, businesses in Wanjia Madian Post Card Market began to purchase Shenzhouxing cards in large quantities and fly to Chengdu to recharge the cards.

A businessman surnamed Dong told 163.com that some of the businesses had found partners in Chengdu to receive the cards they sent from Beijing and those who go to Chengdu on their own would immediately return after they learned that the CNY100 calling fee was already saved in their cards. Dong said that each of the cards that get recharged would be sold at no less than CNY120, but he did not disclose when the cards would be available.

Another businessman surnamed Guo told local media that for the sake of safety, the businesses would begin to sell the cards starting in June and each of which will be priced at about CNY140, offering them about CNY80 in profit. They worry that China Mobile may cancel the deal, so they want to unload the cards as fast as possible.

Some businesses have invested more than CNY100,000 in purchasing Shenzhouxing cards, and some even invested over CNY1 million on the scheme.

So far, China Mobile says that they've not heard anything about this scheme.

Tags: 163.com | Aba | Beijing | Chengdu | China | China Mobile | CHL | Deyang | earthquake | fee | Guangyuan | media | Mianyang | mobile | mobile phone | news | phone | profit | recharge | safety | sichuan | Telecom & Wireless

Other Related News:

Thailand, other SE Asian nations targeted by Chinese hackers

December 10, 2021

Baidu's Video Website Starts Beta Testing In China

March 31, 2010

Dangdang.com Receives US$30 Million Investment

July 2, 2006

Haidian Initiates Electronics Environmental Program

April 14, 2006

365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety

March 15, 2010

ICSE 2006 Opens In Shanghai

May 26, 2006

Tesla Gains on Piper Sandler’s New Target But China-Made Sales Fall

February 15, 2022

Discovery Value Fund Invests $1.53 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

August 12, 2022

Geely Chairman Eric Li Invests In Meizu, A Chinese Smartphone Brand

July 7, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....